Home Building

Secretary of Housing and Urban Development (HUD) Dr. Ben Carson today discussed how the government and home builders can work together to tackle the nation’s affordability crisis in an address to the NAHB Board of Directors during its annual meeting in Las Vegas.

Nearly three out of four American households believe that the nation is suffering a housing affordability crisis, and a majority of respondents reported this is a problem at their local and state level as well, according to a new nationwide survey conducted on behalf of NAHB.

Sales of newly built, single-family homes fell to a seasonally adjusted annual rate of 544,000 units in October after an upwardly revised September report, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.

The size of new single-family homes once again decreased during the third quarter of 2018. New home size has been falling over the last three years as builders add more entry-level home construction into inventory.

Rising housing affordability concerns continue to weigh on single-family production even as total housing starts edged higher in October. According to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department, total housing starts rose 1.5 percent in October to a seasonally adjusted annual rate of 1.23 million units from an upwardly revised September reading.

Custom home builder Tom Gipson from Raleigh, N.C., doesn’t shy away from a challenge. In fact, 16 years ago he came up with an idea to build hundreds of homes in one week for Habitat for Humanity.
That idea blossomed into the Habitat for Humanity Home Builders Blitz, which has helped forge a path to affordable homeownership for more than 2,500 families.

There’s a big market for 55+ buyers seeking an active-adult community who either don’t have – or don’t want to spend – money on the bells and whistles. Learn more in the latest issue of the 55+ Online Magazine.